Arsenal transfer target Serge Gnabry ‘to leave Bayern Munich as talks break down over club’s refusal to boost new deal’

ARSENAL'S pursuit of Serge Gnabry has been handed a major boost with the winger now destined to leave Bayern Munich this summer.

The 26-year-old has reportedly rejected Bayern's proposal of a new contract, and the club will not be making an increased offer.

It was reported last week that Gnabry was unhappy with Bayern's latest wage offer and rejected an extension.

Now claim Bayern are not budging on the terms they have laid out and do not plan to make an improved bid.

The standoff means Gnabry is likely to be on the move in the upcoming window.

He has just 12 months remaining on his contract so a sale this summer is likely, with Bayern open to cashing in on the German international as to not lose him for free next summer.

Arsenal are thought to be keen on bringing Gnabry back to the club, six years after he was sold to Werder Bremen for just £4million.

But after netting 64 times and laying on 40 assists in 171 games for Bayern, the Bundesliga champions will be sure to command a much heftier fee than the Gunners did in 2016.

Elsewhere the likes of Real Madrid, Chelsea and Liverpool have all also been linked with a swoop.

Gnabry has fond memories of his time in North London and recently admitted Arsenal would be the "favourite" if he did decide to return to the Premier League.

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The winger is currently on international duty with Germany, where he remained coy on his future when quizzed on the subject in a press conference.

He said: "In my view, it's a bit of a shame how things go back and forth - as a team-mate, as part of the club.

"That's why I hope that somehow a peaceful agreement will take place. It's not that each of us only thinks about money.

"There are other things that play a big role in making you feel good.

"Appreciation should come from both sides - from club to player and from player to club."